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get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. >>> if you think facebook's been a disappointment since going public, it's got nothing on zynga. facebook's decline pales in comparison. >> our wealth editor robert frank looks at the impact. let's start with julia on just how bad it is. >> it certainly looks lime game over after the company announced disappointing third quarter results. zynga shares are trading at new all-time lows. they were off more than 20% earlier today, though they have bounced back a bit. the problem here is that users are shifting away from social games to mobile apps and new titles like chefville and the 'ville are falling short of expectations. they've even pushed into mobile games but it's costly. they're writing off between 85 million and $95 million associated with that acquisition. because facebook drew 14% of its revenue from zynga in the first half o
get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. >>> if you think facebook's been a disappointment since going public, it's got nothing on zynga. facebook's decline pales in comparison. >> our wealth editor robert frank looks at the impact. let's start with julia on just how bad it is. >> it certainly looks lime...
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get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> michelle, folks today on "power lunch" top of the hour 114,000 jobs added last month, unemployment nipping below 8% first time since '09. some on the gop side question the numbers. we have a congressman from florida says something doesn't smell right to him. we'll see if he has any reason behind his allegation. there's a fight over a jobs on another front. some republicans say the white house is bending labor laws for votes. senator john mccain is with us live. we'll talk about that and more with the last time presidential candidate on the gop side and the age old debate wall st
get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. attention, owner of the light blue smart with the blackish-blue frame and the white dots and the splattered paint pattern, your lights are on. what? [ male announcer ] the endlessly customizable 2013 smart. >>> michelle, folks today on "power lunch" top of the hour...
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geico®. fifteen minutes could save you fifteen percent or more on car insurance. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> final trades. >> i pick short amazon. all the sharks in the pool going after their launch. great company, not a great stock. >> buying the china atf, like the stimulus programs they announced this week. >> i just want to -- the will, having the will, we've got the way. excellent comments on the goldman sachs 12:50 call with the fiscal cliff. if we don't have the will, we're going to see that jpmorgan. >> i think had he us all captivated for a few minutes. outstanding job speaking once again. wells fargo sticking with the financials. 2.5% dividend yield. this is a name, they're getting sued by the government and
geico®. fifteen minutes could save you fifteen percent or more on car insurance. [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> final trades. >> i pick short amazon. all the sharks in the pool going after their launch....
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geico®. fifteen minutes could save you fifteen percent or more on car insurance. and get 3 years interest-free financing on tempur-pedic. but hurry, sleep train's inventory clearance sale ends columbus day. ♪ your ticket to a better night's sleep ♪ >>> today marks the one-year anniversary of steve jobs' death. during his professional life the man who started the computer revolution and ref lougzized entire industries as well, changing wait we see, the way we hear and the way we communicate. ♪ ♪ >> reporter: it is a life and a legacy that may go unmatched for generations. >> a truly magical and revolutionary product. >> reporter: steve job introduced one brainy, innovative product after another. consider, 244 million u phones sold, 131 million desktops and laptops, 84 million ipads, 350 million ipods. >> it's unbelievable. >> reporter: and while at apple, jobs had his hand in every part of every creation. >> steve jobs was not really an engineer and not really a programmer, but he was
geico®. fifteen minutes could save you fifteen percent or more on car insurance. and get 3 years interest-free financing on tempur-pedic. but hurry, sleep train's inventory clearance sale ends columbus day. ♪ your ticket to a better night's sleep ♪ >>> today marks the one-year anniversary of steve jobs' death. during his professional life the man who started the computer revolution and ref lougzized entire industries as well, changing wait we see, the way we hear and the way we...
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geico®. fifteen minutes could save you fifteen percent or more on car insurance. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [i'm with scottrad. >>> back too "power lunch," i'm sharon epperson at the nymex. gold prices closing here at 1766 an ounce, down about $9. the weakness of the euro definitely a factor. the if a act that theism mf lowered its global growth forecast and great concerns about france, about spain. in fact, etf security says that's what's holding back the gains in the precious metals market, the fact that spain refused to take a bailout. looking at the lowest close for gold. brent crude touched a new high for the day, above $114 a barge. again, middle east tensions, syria, turkey, also keep
geico®. fifteen minutes could save you fifteen percent or more on car insurance. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [i'm with...
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get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> welcome back to "squawk on the street." taking a look at shares of intel, the dow component leading in the tech sector just off about 2.7% and also touched a 52 week low earlier. the reason being bernstein cutting its price target and lowering it to an under perform. they're very concerned that slowing decline for pcs is going to cut into the average selling price of intel's chips. therefore hurt its profit margin, so stock is getting hurt as a result of that call, off 2.6%. back to you. >> i think it is important to look at intel but also hewlett-packard and m
get geico. melons!!! oh yeah!! well that was uncalled for. folks who save hundreds of dollars switching to geico sure are happy. how happy, ronny? happier than gallagher at a farmers' market. get happy. get geico. [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>>...
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get geico. ♪ >>> squawk on the tweet this morning. in an annual letter to shareholders yesterday, steve ballmer suggested he sees the company becoming a bit more like apple. so this morning, we're asking you to complete the sentence. if microsoft wants to be more like apple, it first needs to do blank. justin writes, needs to buy a mac for all employees so their ideas don't just disappear when their pc crashes. brian buffett tweets, make things consumers want to buy not tolerate. and rick writes do something to make it more delicious, dare i say like a juicy apple? lots of good responses. let's get to rick santelli really quick. thoughts on auto sales in china and japan. we have this banker not going to the imf meeting, it's hard to separate what the macro situation is from this incredibly tense geopolitical dispute. >> absolutely. and you know, we've had so many guests talk about this threat. i think kyle bass is the one that comes to mind. that as things deteriorate, let's be frank, conditions in china are starting to deteriorate. t
get geico. ♪ >>> squawk on the tweet this morning. in an annual letter to shareholders yesterday, steve ballmer suggested he sees the company becoming a bit more like apple. so this morning, we're asking you to complete the sentence. if microsoft wants to be more like apple, it first needs to do blank. justin writes, needs to buy a mac for all employees so their ideas don't just disappear when their pc crashes. brian buffett tweets, make things consumers want to buy not tolerate. and...
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geico, see how much you could save. ♪ . messa: so another day another $150 milli of your taxpayer money up in smoke. back in 2010 the department of energy gave $250 million to a factory in michigan to produce batteries for the chevy volt. president obama touted this as a step in the rht direction, to bringing manufacturing jobs back to america. well here we ar two years later and compact power has yet to produce a single battery. now it is forced to furlough all of its workers. joining me the senior fellow at the national legal and policy center. how in the wor did this happen? >> well, it is just another in the long line of gifts that the obama administration handed out to ectric vehicles, batteries that are supposed to run them and the chargers. it's a big failure. there are six car companies that got loan guaranties in the billions of dollars. ford got 5.9 billion, nissan got 1.4 billion. they gave grants to battery companies, a number of them up in michigan. eitherhey have gone bankrupt like enter 1 in indiana went bank
geico, see how much you could save. ♪ . messa: so another day another $150 milli of your taxpayer money up in smoke. back in 2010 the department of energy gave $250 million to a factory in michigan to produce batteries for the chevy volt. president obama touted this as a step in the rht direction, to bringing manufacturing jobs back to america. well here we ar two years later and compact power has yet to produce a single battery. now it is forced to furlough all of its workers. joining me the...
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get geico. fifteen minutes could save you fifteen percent or more. >> breaking news for you now, take a look at the latest scene out of greece. protesters getting violent in the streets of athens and angela americaing speaking now and protesters throwing rocks all over austerity and we'll keep you updated. well, earnings season kicks off with alcoa reporting after the bell, but there's some dire predictions out there saying this could be a very bad season for company profits and what does it mean for the presidential race? joining us is money manager and market watcher kyle harrington. the earnings season before the november election, how could that impact the president? >> oh, i think it impacts them in a very negative way. i think that gas prices will be on the top of the battle here in terms of affecting him in a negative way, but i think right in there is earnings and how they look. i mean, alcoa today. costco tomorrow. levi strauss tomorrow. some big companies going to report some earnings
get geico. fifteen minutes could save you fifteen percent or more. >> breaking news for you now, take a look at the latest scene out of greece. protesters getting violent in the streets of athens and angela americaing speaking now and protesters throwing rocks all over austerity and we'll keep you updated. well, earnings season kicks off with alcoa reporting after the bell, but there's some dire predictions out there saying this could be a very bad season for company profits and what does...
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geico, see how much you could save. connell: in fairfax, va. president obama is about to be introduced by the crowd. we will get his first reaction to the surprising jobs figures and a drop in the unemployment rate at 7.8%. the president will take the stage in moments and we will take part of that live just to see how he puts or how he reacts to this jobs report going forward in the campaign. mitt romney has a campaign event in a few minutes. dagen: reaction in the stock market has been measured. we have surprising drop in the unemployment rate but job creation came in almost on the nose in terms of expectation with 114,000 jobs. and zynga doing the face plant. nicole: that is a lead story on wall street. we are seeing it selling off dramatically. don't forget zynga got a lot of revenue losing paying customers and had to cut their outlook again. they're down 18% and facebook at 2133. certainly nowhere near the $38 ipo price in may. social media companies and games under pressure. i want to look at the broader market average worth noting that th
geico, see how much you could save. connell: in fairfax, va. president obama is about to be introduced by the crowd. we will get his first reaction to the surprising jobs figures and a drop in the unemployment rate at 7.8%. the president will take the stage in moments and we will take part of that live just to see how he puts or how he reacts to this jobs report going forward in the campaign. mitt romney has a campaign event in a few minutes. dagen: reaction in the stock market has been...
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get geico. fifteen minutes could save you fifteen percent or more. i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [ female announcer ] crestor is not right for everyone. like people with liver disease or women who are nursing, pregnant or may become pregnant. tell your doctor about other medicines yore taking. ll your doctoright away if you have muscle pain or weakness, feel unusually tired, have loss of appetite, upper belly pain, dark urine or yellowing of skin or eyes. these could be signs of rare but serious side effects. ♪ is your cholesterol at goal? talk to youdoctor about crestor. [ femalannouncer ] if you can't afford your medication, astrazeneca may be able to he
get geico. fifteen minutes could save you fifteen percent or more. i wish my patients could see what i see. ♪ that over time, having high cholesterol and any of these risk factors can put them at increased risk for plaque buildup inheir arteries. so it's even more important to lower their cholesterol, and that's why, when diet and exercise alonaren't enough, i prescribe crestor. in a clinical trial versus lipitor, crestor got more high-risk patients' bad cholesterol to a goal of under 100. [...